My agent has had numerous times where the property goes under contract as he's driving out to go see it.

You could make some mistakes that cause loss of principal for instance in any of numerous areas such as market selection, property selection, purchasing, rehab, etc..

The price point is 56 mil and as anybody that has experience in the South Florida Market there are very few pieces of land left so it would probably be a bidding war.

@Marc Winter Yes 3 deals since November 2017, Although I had a few leads that turned into bidding wars which we lost, most recently a Harvard Street property in DC.

I have a low six figure war chest to use for acquisitions, marketing, etc.

By selling and reinvesting your cash in numerous properties you will easily out perform this property and benefit from the appreciation on numerious properties.

There are numerous items that need to be repaired but none are very big.

@Jessica Brown It amazes me that this question still keeps coming up after the numerous 20 page threads on them.

This creates numerous loopholes for parties to cancel contract and areas of stress and friction that can lead to transactions falling apart midway through.

Bought my first house end of 2013.2014: Bought my first rental property in Fort Mill SC using traditional loan with 20% down, it was a 3b 2.5b townhouse, after learning numerous success stories in BP podcasts.2015: Bought 2 more rental properties in Fort Mill, similar sizes and still using traditional mortgage with 20% down, close to my own house so it’s easier to manage although I hired PM to take care of them for me.